**REGISTERED COMPANY NUMBER: 5960870 (England and Wales) REGISTERED CHARITY NUMBER: 1117615**
**Report of the Trustees and Financial Statements for the Year Ended 31[st] December 2020**
## **for**
**FURNISTORE IN EAST SURREY LIMITED**
**FURNISTORE IN EAST SURREY LIMITED**
**Contents of the Financial Statements for the year ended 31[st] December 2020**
||Page|
|---|---|
|Reference and administration details|2|
|Report of the Trustees|3 to 7|
|Independent Examiner's Report|8|
|Statement of Financial Activities|9|
|Balance Sheet|10 to 11|
|Notes to the Financial Statements|12 to 18|
|Detailed Statement of Financial Activities|19|
Page 1
## **FURNISTORE IN EAST SURREY LIMITED**
## **REFERENCE AND ADMINISTRATION DETAILS**
Charity Name: Furnistore in East Surrey Ltd Company Registration number: 5960870 (England and Wales) Charity Registration number: 1117615 Date of Incorporation: 9[th] October 2006 Registered Office and Operational Address: 34 Holmethorpe Avenue Holmethorpe Industrial Estate Redhill RH1 2NL Trustees: E S Baker – Chairman Mrs F Clark J C St A Essex Dr J G McLaughlin G Owen B P Jones M D Taylor Company Secretary: Mrs F Clark Bankers: CAF Bank 25 Kings Hill Avenue West Malling Kent ME10 4JQ Solicitors: Segens Glade House 52 Carter Lane London EC4V 6EF Independent Examiner: David Wheeler FCCA Cheeld Wheeler & Co Chartered Certified Accountants Goodman House 13a West Street Reigate Surrey RH2 9BL
Page 2
## **FURNISTORE IN EAST SURREY LIMITED**
## **Report of the Trustees for the year ended 31[st] December 2020**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31[st] December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The charity's objects and principal activities as set out in its memorandum and articles of association continue to be:
- (i) the relief of poverty in East Surrey by means of the provision of good quality owned and other furniture, appliances and household goods at affordable prices to low-income families and individuals in need
- (ii) the advancement of environmental protection by means of reducing the volume of furniture and household goods disposed of into the waste stream
- (iii) workplace training by providing work experience, training, support and development of volunteers, including those with special support needs
The charity's aims are:
- (i) to benefit those less fortunate by providing them with furniture, furnishings and white goods without charge or at low cost, thus giving them self-esteem and enabling them to take their place in society,
- (ii) to re-use goods wherever possible,
- (iii) to train and develop its volunteers, to help some of them back into paid employment and to give its volunteers a sense that they are themselves helping others who are less fortunate, by their activities
The main objects are the relief of poverty amongst individuals and families in East Surrey by collecting as much donated furniture as possible, carrying out cleaning, minor repairs and where appropriate PAT testing, before delivering it to those having a genuine need; also selling items at discount to individuals and families with proven need and selling to the wider public in order to finance the operations. Further objectives are to reduce the volume of waste going to landfill and to provide training and development opportunities to volunteers and staff.
The strategy is to equip the staff and volunteers to collect, display, sell and deliver as much good quality stock as possible from public donations, in order to cover the running expenses, while supplying the client group free of charge or at discount. This also entails publicising the charity's activities in local media and raising funds through local individuals, churches, businesses and grant making organisations.
## **Public benefit**
As stated above, the charity's primary objective is the provision of furniture to economically and/or socially disadvantaged people in the East Surrey area. The service provided by the charity is therefore directly related to both the particular and often very urgent needs of its beneficiaries and to the charity's aims. The charity carries out its work in a totally nondiscriminatory way.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Nature of the governing document and constitution of the charity**
The charity is constituted as a company limited by guarantee and is therefore governed by its
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memorandum and articles of association. The directors of the company are also trustees of the charity. Eligibility for membership of the charity and membership of the board of trustees is governed by the memorandum and articles of association. There are no restrictions in the governing documents on the operation of the charity or on its investment powers, other than those imposed by general law.
## **Recruitment and appointment of new trustees**
The trustees and staff are constantly seeking new trustees through personal contact, the churches, other agencies and by web advertising. Potential new trustees are invited to the board meeting, fill in application forms and provide references. Subject to satisfactory interview and references, and accepting the responsibilities as defined in the Charity Commission guidelines on the responsibilities of charity trustees, the new member is voted onto the board.
## **FURNISTORE IN EAST SURREY LIMITED**
## **Report of the Trustees for the year ended 31[st] December 2020**
## **Organisational structure**
The paid Manager has operational responsibility for all aspects of running the work of Furnistore, under the direction of the board of trustees. The board meets regularly with the Manager in attendance to monitor and facilitate the work of the charity, approve actions and plan for the development of the work. The Manager meets with the Chairman of the board a week before each of the monthly board meetings to ensure that issues are discussed and decisions taken when appropriate.
The work of the charity is carried out by both paid staff and volunteers. Paid staff roles cover driving/furniture handling, finance, volunteer management, reception and telephone contact work. In addition, the Manager develops and maintains links with the charities and agencies which rely on Furnistore to help their clients, develops relationships with statutory agencies and other service providers, and assisted by the trustees’ works on marketing, fundraising and promoting the charity. Volunteers assist with all these roles, and many others; volunteers who wish are encouraged to develop work skills.
## **Induction and training of new trustees**
The new trustee is invited to the warehouse, introduced to the staff and some volunteers on the visit, and expected to read the Charity Commission guidelines and memorandum and articles of association. Trustees are invited to avail themselves of relevant trustee training. The board holds a strategy and development day when necessary.
## **Membership of a wider network**
The charity is a founder member of Surrey Re-use Network. It enjoys good relationships with the local councils and housing agencies and the many agencies working with some of the neediest families and individuals in the East Surrey area. It has directly helped Salvation Army, Welcare and Loveworks, clients, local school liaison officers and housing associations, clients via Oxted and Bletchingley charities, the CAB, the Job Centre and the local YMCA. Redhill Volunteer Centre have provided some volunteers. The charity enjoys continued support by the Churches Together churches, which give some finance, volunteers and publicity.
## **Details of significant activities (including its main programmes, projects and services provided) that contribute to the achievement of the stated objectives**
For the first quarter of the year, the staff and volunteers of the charity have continued collecting, cleaning, testing and distributing donated furniture and white goods to those in need and maintaining links with around 20 statutory and support agencies who act for people with social and material needs. With the COVID 19 restrictions the staff and volunteers were furloughed on the government scheme, collections and sales ceased, and an emergency response to those in immediate need was met by key volunteers sorting stock and giving access to the RBBC COVID emergency team to collect and deliver to people setting up home with nothing. A very limited service then functioned when the lockdown was eased in the latter part of the year, but there was little footfall in the shop, and collections and sales were very low.
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Fifty three households were assessed and qualified for FOC provision, and received basic essentials to a value of approximately £16,000 (most, but not all of the value of the £8,346 from the John Beanes Charity was of subsidised items, and therefore most, but not all of the value of the goods was 50% subsidised by Furnistore) along with 97 free emergency packs of essentials including household cleaning equipment and agents, pans, crockery, cutlery, utensils and bedding bales. Many more items went to other assessed households, making a total of 18.8 tonnes going to households in recognised need. A further 19.6 tonnes went at full price to help cover running costs.
Approximately 40.7 tonnes of domestic goods and appliances were collected or received, of which 38.4 tonnes went directly into homes (1,077 items) instead of the waste stream, and some of the remainder being recycled.
The charity provides a collection service for surplus furniture, appliances and household goods to the residents of East Surrey, passing them on to both needy households as described, or selling to the general public, thereby reducing the volume of bulky waste by more than 40 tonnes. The charity works with the local authority to encourage the re-use of white goods and furniture.
The charity has also undertaken a limited number of house clearances.
The charity received grants of £27,000 from RBBC re COVID -19. It also received £2,000 RBBC local authority grant to develop the website for online sales capacity, a further grant of £2,000 from the Surrey Community Fund towards enhancing our profile and £8,346 from the John Beanes Charity for Furnistore to provide free essentials for those in particular hardship. Furnistore relies on, and is extremely grateful to Surrey County Council for free rubbish collection and disposal, and to Reigate and Banstead Borough Council for continued zero rating of Council Tax.
## **FURNISTORE IN EAST SURREY LIMITED**
## **Report of the Trustees for the year ended 31[st] December 2020**
## **Grant**
**Making**
The charity does not give monetary grants but Furnistore provided goods in kind (369 items) to a value of £17,137 in 2020, (double the discounted sales figure) to service users on proven low income who are setting up home in unfurnished or partly furnished premises, or who have a proven need for a specific item. Half that sum was provided by the John Beanes charity and the clients themselves, while the equivalent amount was matched by Furnistore and was effectively a grant.
## **Contribution of volunteers**
The charity relies heavily on its wonderful volunteer workforce, and continues to offer volunteering opportunities and training to the long term unemployed, ex-offenders and people with support needs, as well as volunteers from the wider community. Twelve volunteers have moved on into paid employment during this period.
With the coming of COVID 19 restrictions on 23[rd] March, just 6 volunteers came in for a total of 120 hours to enable furniture to go to families in emergency need at the hands of the RBBC emergency scheme. Teams of 4 or 5 volunteers cleared out the two additional stores which had to be emptied during the lockdown. When restricted opening was allowed in the autumn, 9 established volunteers came in. Setting up protocol for a safe reopening took 2 people several days of planning and then 3 people a day to set the warehouse up.
The charity has a governing board of 7 trustees (all of whom are volunteers) and supported by a total of 41 operational volunteers over the year, some of whom are on training schemes, and some of whom require special support. The volunteers have benefitted from a basic induction, on-the-job training and a manual handling video and briefing.
Trustees have raised the presence of the charity in local fairs and by leafleting local homes, on top of their statutory governance work.
## **Factors relevant to the achievement of the charity’s objectives**
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The dominant pressure over the year has been the COVID 19 lockdown and restrictions. The trustees have met regularly by Zoom to respond to the situation.
## **Summary of the main achievements of the charity during the year**
The charity has continued to deliver its primary objectives and help 53 individuals, couples and families in acute need free-of-charge and supply many others with discounted sales totalling 1376 items, provide 97 emergency packs, and give work experience to a good number of volunteers, and we are delighted that 5 went into paid employment. Furnistore works well with local agencies and charities. It has survived the lockdown without shedding staff, thanks to the furlough scheme, and was able to meet the most acute need throughout the year.
## **Significant changes and development plans for the future**
The secondary storage facility had to be emptied by the beginning of March, and since then all operations have taken place at the warehouse. The revised management system has settled, and works well, but there is evidence that a new driver will be needed. Before this could be taken forward, Covid- 19 changed everything, but this will be addressed when the restrictions are lifted and the situation becomes clearer. Somehow Furnistore has been able to ensure that the most acute need has been met throughout the year, largely because of the high level of stock which had piled up in the secondary storage, and which was cleared into the warehouse just before the Covid – 19 closure.
## **The major risks to which the charity is exposed and review of systems to mitigate risks**
Risk factors to the sales-generated income would arise if incoming donations of furniture and household goods of adequate quality and quantity were to greatly reduce, or if the general public were to reduce their willingness to buy second hand items; risk factors to the charitable income from Friends, Churches and the Beanes Charity would arise should there be no more poverty in East Surrey, in which case this income would be withdrawn and the charity would need to reconsider its objectives.
High Street second hand furniture shops as charity fund raisers impact on our sales and collections. The trustees continue to look for an alternative location, and are keeping on hold the plan to reduce revenue expenditure by repaying all the debentures except those where interest is waived.
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## **FURNISTORE IN EAST SURREY LIMITED Report of the Trustees for the year ended 31[st] December 2020**
The Charity by its very nature involves lifting, moving and storing heavy and bulky items. This occurs in the warehouse, loading and unloading the van, and in people’s homes. Reducing the risk of accidents and injury is therefore very important. The staff and volunteers are given the appropriate Manual Handling training, and their performance is monitored. The policies and procedures were reviewed last year, and where necessary, advice on employment matters is sourced from a local HR expert or from ACAS.
A lack of quality volunteers and the loss of key staff would pose a significant threat. We are fortunate to have a loyal and committed core staff team, and the day-to-day running could be managed by several of the existing team, as happens during holidays and sickness. However, the loss of the Chairman of the Board or the Manager would both be difficult, as they have the greatest responsibility for developing and delivering the strategy, liaising with partner organisations and overseeing the business. The key retaining strategy that the Trustees can provide is good supervision and support for the Manager, and high-level input and follow-up on actions to support the Chair.
The Charity has limited financial risk, with only the investment of debenture loans, and a very low mortgage loan, both of which could easily be covered by the sale of the warehouse, while the reserves policy is set to cover revenue costs.
## **Reserve Policy**
The trustees retain reserves of £35,000 to provide for a minimum of 3 months’ salaries and 12 months’ mortgage against the possibility of the charity folding. Were the reserves to build significantly, then steps would be taken to repay some of the debenture loans (£92,000). No Such move has been made as trading has been severely compromised by the Covid -19 restrictions.
## **Financial Review**
At the start of 2020 our main source of income was from warehouse sales, but with lockdown due to Covid – 19 everything changed. The Government furlough scheme covered 80% of the wage bill, which the trustees decided should be topped up to full pay. The Covid rates relief scheme brought in a further £25,000.
Some revenue funding came from donations for collections, Gift Aid and Landfill tax credits, delivery charges, a much appreciated RBBC grant of £2,000 to develop our website for online shopping, and gifts from Friends of Furnistore.
Our clients benefitted from grants of £8,346 made by the John Beanes Charity, which covers approximately half of the goods they receive. Furlough payments from H M Revenue and Customs amounted to £22,491.
During the year the charity’s total expenditure amounted to £93,685 (2019-£124,330)
At the 31[st] December 2020, the charity had total funds of £282,923(2019-£255,200) of which unrestricted funds amounted to £264,580 (2019-£230,232) and restricted funds £18,343 (2019-£24,968), which the trustees consider to be satisfactory.
## **Share Capital**
The company is limited by guarantee and therefore has no share capital.
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## **FURNISTORE IN EAST SURREY LIMITED Report of the Trustees for the year ended 31[st] December 2020**
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
The Charity trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Recognised Accountancy Practice).
Company and Charity laws require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the trustees are required to:-
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable UK accounting standards have been followed, subject to any natural departures disclosed and explained in the financial statements.
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will not continue on that basis.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website.
Chairman – Edward Baker
Secretary – Freda Clark
Date:
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## **Independent Examiner's Report to the Trustees of FURNISTORE IN EAST SURREY LIMITED**
I report to the trustees on my examination of the accounts of Furnistore in East Surrey Limited for the year ended 31[st] December 2020.
## **Responsibilities and basis of report**
As the charity trustees of the Branch you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).
I report in respect of my examination of the Branch’s accounts as required under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. Accounting records were not kept in respect of the Branch as required by section 130 of the Act; or
2. That the accounts do not accord with those records; or
3. That account do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than the requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Wheeler
D P Wheeler FCCA Cheeld Wheeler & Co Chartered Certified Accountants Goodman House 13a West Street Reigate Surrey RH2 9BL Dated:
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## **FURNISTORE IN EAST SURREY LIMITED**
## **Statement of Financial Activities (Incorporating Income & Expenditure Account) for the year ended 31[st] December 2020**
|||||2020|2019|
|---|---|---|---|---|---|
|||Unrestrict|Restrict|Total|Total|
|||ed|ed|||
|||Funds|Funds|Funds|Funds|
||Note|£|£|£|£|
||s|||||
|**INCOME**||||||
|Grants and Donations|2|63,824|13,786|77,610|50,785|
|**Charitable activities**|3|||||
|Warehouse sales||43,761|-|43,761|103,27|
||||||5|
|Other trading activities|4|-||-|4,878|
|Investment income|5|37|-|37|10|
|**Total income**||107,622|13,786|121,40|158,94|
|||||8|8|
|**EXPENDITURE**||||||
|**Charitable activities**||||||
|Warehouse costs||27,858|8,346|36,204|52,301|
|Support costs||45,416|12,065|57,481|72,029|
|**Total expenditure**||73,274|20,411|93,685|124,33|
||||||0|
|**NET INCOME/EXPENDITURE**|**AND**|||||
|**MOVEMENT IN FUNDS**||34,348|(6,625)|27,723|34,618|
|**RECONCILIATION OF FUNDS**||||||
|**Total funds brought forward**||230,232|24,968|255,20|220,58|
|||||0|2|
|**TOTAL FUNDS CARRIED FORWARD**||264,580|18,343|282,92|£255,2|
|||||3|00|
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The notes form part of these financial statements
Page 11
## **FURNISTORE IN EAST SURREY LIMITED**
## **Balance Sheet At 31[st] December 2020**
|Notes
**FIXED ASSETS**
Tangible assets
13
**CURRENT ASSETS**
Debtors
14
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one
year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more
than one year
16
**NET ASSETS**
**FUNDS**
17
Unrestricted funds
Restricted funds
**TOTAL CHARITY FUNDS**|Unrestric
ted
Funds
£
229,300
7,244
132,348
139,592
(2,996)
136,596
365,896
(101,316)
264,580|Restrict
ed
Funds
£
17,111
-
1,232
1,232
-
1,232
18,343
-
18,343|**2020**
Total
Funds
£
246,41
1
7,244
133,58
0
140,82
4
(2,996)
137,82
8
384,23
9
(101,31
6)
282,92
3
264,58
0
18,343
282,92
3|**2019**
Total
funds
£
254,636
12,055
96,333|
|---|---|---|---|---|
|||||108,388
(6,508)|
|||||101,880|
|||||356,516
(101,31
6)|
|||||255,200|
|||||230,232
24,968|
|||||255,200|
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The notes form part of these financial statements
Page 13
## **FURNISTORE IN EAST SURREY LIMITED**
## **Balance Sheet - continued At 31[st] December 2020**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31[st] December 2020.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31[st] December 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
.............................................
E S Baker –Trustee
…………………………….
B P Jones – Treasurer
Page 14
The notes form part of these financial statements
Page 15
**FURNISTORE IN EAST SURREY LIMITED**
## **Notes to the financial statements for the year ended 31[st] December 2020**
## **STATUTORY INFORMATION**
The charitable company is registered as a company limited by guarantee in England and Wales. The registered office address is 34 Holmethorpe Avenue, Redhill Surrey and the registration number at Companies House is 5960870. It is registered with the Charity Commission, number 1117615.
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company have been prepared in accordance with the Charities SORP 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in the United Kingdom and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, and it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised on expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Raising funds**
Raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events and noncharitable trading.
## **Charitable activities**
The costs of goods and services and ancillary trading costs that have been included in charitable activities. Support costs include the salary costs of the manager and the volunteer organiser.
## **Governance costs**
Costs include costs associated with trustees’ meetings, and expenses, independent examination fees, legal and professional fees and fees relating to the management of the charity's assets.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Freehold land|- nil|
|---|---|
|Freehold property|- 2% on cost|
|Improvements to freehold|- 20% on cost|
|Motor vehicles|- 20% on cost|
|Computer equipment|- 33% on cost|
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
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The charity is exempt from value added tax on purchases and is partially exempt on sales, and any irrecoverable VAT is included with the individual transactions in income and costs.
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**FURNISTORE IN EAST SURREY LIMITED**
## **Notes to the Financial Statements - continued for the year ended 31[st] December 2020**
## **1. ACCOUNTING POLICIES - continued**
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are unrestricted funds that have been designated by the trustees for a particular purpose.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Deferred income**
Grants receivable which relate to a specific time period are recognised evenly over the relevant period.
Other grants receivable are recognised when the charity becomes entitled to the relevant amounts. Such deferrals are shown in the notes to the accounts and are shown as creditors.
## **Capital Grants**
The board of trustees consider that any gifts of tangible fixed assets or grants of a capital nature given for a specific purpose and fully utilised in the furtherance of the objects of the charity should be credited to restricted income in the year received. When the fixed assets are purchased with donor grants, the capital expenditure is charged to the donor fund and transferred to the capital grants fund. The value of the capital grants fund represents the net book value of donor funded assets.
## **2. GRANTS AND DONATIONS**
**----- Start of picture text -----**
2020 2019
£ £
Donations 17,50 29,13
2 6
Grants 52,69 2,600
1
Gift aid 7,417 19,04
9
77,61 50,78
0 5
**----- End of picture text -----**
## 3. **INCOME FROM CHARITABLE ACTIVITES**
|||**202**|**2019**|
|---|---|---|---|
|||**0**||
||**Activity**|£|£|
|Sales|Warehouse Sales|43,7|103,27|
|||61|5|
## **4. OTHER TRADING ACTIVITIES**
**2020**
**2019**
Page 18
£ £ - Fundraising events 1,045 Proceeds on sale of van - 3,833
## **5. INVESTMENT INCOME**
|**2020**
**2019**
£
£|**2020**
**2019**
£
£|**2020**
**2019**
£
£|**2020**
**2019**
£
£|
|---|---|---|---|
|Deposit account interest|37||10|
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**FURNISTORE IN EAST SURREY LIMITED**
## **Notes to the Financial Statements - continued for the year ended 31[st] December 2020**
## 6. **NET INCOME**
Net income is stated after charging/(crediting):
**----- Start of picture text -----**
2020 2019
£ £
Depreciation – owned assets 8,225 5,839
CHARITABLE ACTIVITIES COSTS
2020 2019
£ £
Direct costs 36,20 52,30
4 1
Support costs – see below 43,89 58,59
7 2
80,10 110,8
1 93
**----- End of picture text -----**
## **7. CHARITABLE ACTIVITIES COSTS**
## **8. SUPPORT COSTS**
**----- Start of picture text -----**
2020 2019
£ £
Wages and salaries 22,27 22,39
4 8
Premises costs 9,502 21,55
3
Other costs 12,12 14,64
1 1
43,89 58,59
7 2
**----- End of picture text -----**
## **9. GOVERNANCE COSTS**
|**2020**
**2019**
£
£|**2020**
**2019**
£
£|**2020**
**2019**
£
£|**2020**
**2019**
£
£|
|---|---|---|---|
|Wages|7,020||6,810|
|Independent examiner’s fee|650||650|
|Accountancy fees|710||600|
|Legal fees|30||180|
||8,410||8,240|
## **10. FINANCE COSTS**
|Bank interest and charges
Debenture interest|**2020**
£
574
4,600
5,174|**2019**
£
597
4,600|
|---|---|---|
|||5,197|
## **11. TRUSTEES’ REMUNERATION AND BENEFITS**
Neither of the trustees claimed any expenses during the year (2019: nil)
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**FURNISTORE IN EAST SURREY LIMITED**
## **Notes to the Financial Statements - continued for the year ended 31[st] December 2020**
## **12. STAFF COSTS**
|Wages and salaries
Employer’s national insurance contributions
Employer pension costs|**202**
**0**
£
61,2
95
586
810
62,6
91|**2019**
£
72,28
9
1,012
2,152|
|---|---|---|
|||75,45
3|
The average monthly number of employees during the year was as follows:
|Charitable activity
Management and administration
Governance|**2020**
3.5
2.0
0.5
6.0|**2019**
5.0
1.5
0.5|
|---|---|---|
|||7.0|
Page 21
## **FURNISTORE IN EAST SURREY LIMITED**
## **Notes to the Financial Statements - continued for the year ended 31[st] December 2020**
|**13.**|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|---|
|||Freehold|Improveme|Plant and|
|||land|nts to|machinery|
|||building|freehold||
||||building||
|||£|£|£|
||**COST**||||
||At 1stJanuary 2020|240,500|18,120|16,839|
||At 31stDecember 2020|240,500|18,120|16,839|
||**DEPRECIATION**||||
||At 1stJanuary 2020|9,600|18,120|16,839|
||Charge for year|1,600|-|-|
||At 31stDecember 2020|11,200|18,120|16,839|
||**NET BOOK VALUE**||||
||At 31stDecember 2020|229,300|-|-|
||At 31stDecember 2019|230,900|-|-|
|||Motor|Computer||
|||vehicles|equipment|Totals|
|||£|£|£|
||**COST**||||
||At 1stJanuary 2020|22,470|6,393|304,322|
||At 31stDecember 2020|22,470|6,393|304,322|
||**DEPRECIATION**||||
||At 1stJanuary 2020|2,996|2,131|49,686|
||Charge for year|4,494|2,131|8,225|
||At 31stDecember 2020|7,490|2,131|49,686|
||**NET BOOK VALUE**||||
||At 31stDecember 2020|14,980|4,262|246,411|
||At 31stDecember 2019|19,474|4,262|254,636|
|**14.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||**2020**|**2019**|
||||£|£|
||Trade debtors||566|3,020|
||Other debtors||6,205|5,150|
||Prepayments||473|3,885|
||||7,244|12,05|
|||||5|
Page 22
**FURNISTORE IN EAST SURREY LIMITED**
## **Notes to the Financial Statements - continued for the year ended 31[st] December 2020**
## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Mortgage
Trade creditors
Social security and other taxes
VAT
Other creditors and accrued expenses|**2020**
£
699
1,467
-
830
2,996|**2019**
£
448
1,765
3,303
992
6,508|
|---|---|---|
## **16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
|Mortgage
Other loans more than 5yrs non-inst
Amounts falling due in more than fve years:
Repayable otherwise than by instalments
Other loans more than 5yrs non-inst
**MOVEMENT IN FUNDS**
At
1.1.20
£
**Unrestricted funds**
General fund
193,53
4
Designated funds
Debenture interest fund
Debenture repayment
fund
Mortgage interest fund
Gold fund
4,900
20,000
6,323
5,475
Total designated funds
36,698
230,23
2
**Restricted funds**
Restricted funds
J Beanes
Information technology
New van
Training
-
7,369
17,337
262|Net
movement
In funds
£
34,942
-
-
(594)
-
(594)
34,348
-
(2,131)
(4,494)
-|**2020**
£
9,316
92,000
101,31
6
**2020**
£
92,000
Transfers
between
funds
£
-
-
-
-
-
-
-
-
-
-|**2019**
£
9,316
92,000
101,31
6
**2019**
£
92,000
At 31.12.20
£
228,476
4,900
20,000
5,729
5,475
36,104
264,580
-
5,238
12,843
262|
|---|---|---|---|
## **17. MOVEMENT IN FUNDS**
Page 23
|Total restricted funds
**TOTAL FUNDS**|24,968
255,20
0|(6,625)
27,723|-
-|18,343|
|---|---|---|---|---|
|||||282,923|
Page 24
## **FURNISTORE IN EAST SURREY LIMITED**
## **Notes to the Financial Statements - continued for the year ended 31[st] December 2020**
## **17. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Designated funds
Mortgage interest
Gold Fund
Total designated funds
Total unrestricted funds
**Restricted funds**
Restricted funds
J Beanes
Land fll tax credits
Salaries - marketing
Training
Information technology
New van
Packs
Total restricted funds
**TOTAL FUNDS**|Income
£
107,62
2
-
-
-
107,62
2
8,346
2,240
2,000
-
-
-
1,200
13,786
121,40
8|Expenditu
re
£
(72,680)
(594)
-
(594)
(73,274)
(8,346)
(2,240)
(2,000)
-
(2,131)
(4,494)
(1,200)
(20,411)
(93,685)|Net
movement
£
34,942
(594)
-|
|---|---|---|---|
||||(594)|
||||34,348
-
-
-
-
(2,131)
(4,494)
-|
||||(6,625)|
||||27,723|
## **18. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31[st] December 2020.
Page 25
**FURNISTORE IN EAST SURREY LIMITED**
## **Detailed Statement of Financial Activities for the year ended 31[st] December 2020**
|**INCOME**
**Donations**
Grants
Donations
Gift aid
**Charitable activities**
Warehouse sales
**Other trading activities**
Fundraising events
Proceeds from sale of van
**Investment income**
Deposit account interest
**Total income**
**EXPENDITURE**
**Charitable activities**
**Support costs**
**Management**
Wages and salaries
Premises costs
Other costs
**Finance**
Bank interest and charges
Debenture interest
**Governance costs**
Wages
Independent examiner’s fees
Accountancy fees
Legal fees
**Total expenditure**|**2020**
£
52,69
1
17,50
2
7,417
77,61
0
43,76
1
37
121,4
08
36,20
4
22,27
4
9,502
12,12
1
43,89
7
594
4,600
5,174
7,020
650
710
30
8,410
93,68
5|**2019**
£
2,600
29,13
6
19,04
9|
|---|---|---|
|||50,78
5
103,2
75
1,045
3,833
10|
|||158,9
48|
|||52,30
1|
|||22,39
8
21,55
3
14,64
1|
|||58,59
2
597
4,600|
|||5,197|
|||6,810
650
600
180|
|||8,240|
|||124,3
30|
Page 26
**Net income**
27,72 34,61 3 8
This page does not form part of the statutory financial statements
Page 27